Issue 2 | December 21, 2017
                              

Introducing the Third Issue of the CBEG Economic Briefer

 Dr. Arthur Bainomugisha, Executive Director | @ACODE_Uganda

Blessed Easter greetings from the Advocates Coalition for Development and Environment (ACODE)! Consistent with our quarterly release of the CBEG Economic Briefer, it is with great pleasure that I present to you our third issue. The CBEG Economic Briefer is a publication of ACODE published under our Center for Budget and Economic Governance (CBEG). The CBEG Economic Briefer is a quarterly publication aimed at providing alternative policy ideas on contemporary economic issues in Uganda as well as the East and Southern parts of Africa (click here to read the previous issue). . . . Read More

 
                              

Is Uganda Losing the Balance between Macroeconomic Stability and Growth?

 By Fred Muhumuza, PhD | @ACODE_Uganda

Restoration of macroeconomic stability – commonly taken to mean single digit inflation, relatively stable exchange rates and low lending rates among others – has been one of the greatest successes of government over the last three decades. Macroeconomic stability is often taken as a major prerequisite for economic growth and hence poverty reduction. Indeed the economy has registered growth rates of 8 – 10% and poverty has reduced from 56.4% in 1992 to 19.7% in 2012/13. The recent trends, however, have not been as rosy. Growth has slowed to less than 5% and poverty has reemerged to levels of 27% in 2016/17. The outlook is not very promising either given the persistence of some of the factors responsible for the slowdown. Unfortunately, the persistence of these factors has potential to undermine macroeconomic stability. . . . Read More

 
                              

Uganda's 2020 Ambition is Commendable but Highly Untenable

 Enock Nyorekwa Twinoburyo, PhD | @ACODE_Uganda

Uganda’s current National Development Plan (NDP II) sets out to achieve lower middle income through substantial investment in infrastructure sectors while consolidating on progress in NDP I. However, in a decade leading to 2020, average economic growth per annum is poised to be lower than the long run average growth path which suggests that the 2020 development targets envisaged in the Second National Development Plan (NDP II) may not be fully realised. Poverty has increased, so has income inequality and the employment levels are off target with only one in four Ugandans being employed. Against this backdrop, this article explores the country’s performance against some of the key growth targets set out in the NDP II. . . . Read More

 
                              

Improving Governance of Expenditure in Agricultural Extension to Reduce Poverty and Boost Growth

 By Emmanuel Keith Kisaame | @ACODE_Uganda

Uganda’s quest to become a middle income economy as emphasized by the National Development Plan (NDP) is partly pegged on improving its agricultural sector performance. Agriculture remains a key foreign exchange earner and an employer of 66% of Uganda’s population . Therefore, agriculture can potentially boost rural incomes and reduce poverty in Uganda. In spite of several reforms and increase in funding, agricultural sector performance has persistently declined over the years, even when the sector budget has more than doubled over the last five fiscal years. At the end of 2016/17 fiscal year, the agricultural sector’s contribution to Uganda’s GDP (in constant 2009/10 prices) continued on a year-on-year declining trajectory since FY 2009/10 – falling from 26.9% in FY 2009/10 to 21.5% in FY 2016/17 . At household level, poverty has increased in households headed by subsistence farmers, rising from 20.3% in 2012/13 to 38.2% in survey year 2016/17. To answer the question of a declining agricultural performance in the face of structural reforms and increasing funding, I explore the governance of public expenditure in agricultural extension in Uganda. This is because agricultural extension services represent the major form of government intervention in a largely private undertaking which is agriculture. . . . Read More

 
                              
                              

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